Searches for NFT on Google rise 300%, surpassing searches for DeFi projects
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Answer Searches for NFT on Google rise 300%, surpassing searches for DeFi projects
Google Trends results show that searches for “NFT” have outpaced searches for “DeFi” and that searches for non-fungible NFT tokens continue to grow at unprecedented rates.
Along with DeFi, the obsession with non-fungible tokens (NFTs) has risen and there is widespread hysteria with them, which can only be compared to the ICO boom of 2017.
Most of the time, Google searches for the term NFT lagged behind DeFi in terms of interest, but that has now changed.
The non-fungible NFT tokens continue to appeal to them:
A love affair developed between art, real estate, and digital collectibles enthusiasts.
According to the data “non-fungible” The market for NFT tokens has grown and expanded by 300% over the previous year.
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The NFT industry was worth about $250 million.
Since then, the growth has been staggering.
Enthusiasts have devoted millions of dollars to digital artwork, NFT celebrities, digital albums, rare collectibles, and featured tweets.
Many were shocked by the recent madness towards NFT, wondering why anyone would boast such gigantic numbers on digital items.
Perhaps the recent rise in NFT searches on Google shows just how obsessed and FOMO are with these new digital items.
Searches for non-fungible tokens (NFTs) bypassed searches for DeFi.
The number of queries for the term DeFi peaked between January 1 and 6 before declining and crossing the NFT late last month.
Searches for NFT have ballooned since then.
Its current searches are nearly three times the number of DeFi searches.
NFT searches have recently surpassed peak ICO searches.
NFT is currently the biggest phenomenon in the crypto industry and it has become hard to ignore.
Some skeptics argue that NFT is a bubble, but its enthusiasts are unfazed by the fact that they continue to shell out massive amounts of money for digital token assets.
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NFT fans don’t seem to be wrapping their heads around the numbers the industry is seeing, as NFT owners realize that these assets could be worth a fortune in the future.
A demonstrable example is CryptoPunks graphics revenue.
CryptoPunks was bought for $15,000 in 2018, and recently it was sold for $8 million.
That’s an amazing 53,000% return.
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